FINRA Revokes Registration Of Cambridge Stockbroker

Steven Michael Wisniewski of Phoenixville Pennsylvania is a stockbroker formerly registered with Cambridge Investment Research, Inc. whose securities registration has been revoked by Financial Industry Regulatory Authority (FINRA) supported by allegations that Wisniewski failed to pay a fine to FINRA in connection with a disciplinary action in which he was found to have committed conduct violative of FINRA rules. FINRA Case No. 2015044110101 (July 5, 2017).

Particularly, Wisniewski has been fined $5,000.00 and suspended for three months from associating with any FINRA member in any capacity by consenting to findings that he forged a customer’s variable annuity account documentation; conduct violative of FINRA Rule 2010. Letter of Acceptance, Waiver and Consent, No. 2015044110101 (Aug. 5, 2016).

FINRA Public Disclosure confirms that this is not the first time that Wisniewski failed to comply with his obligations. Particularly, on April 13, 2017, he was suspended by FINRA in all capacities for failing to comply with an Arbitration Award issued in FINRA Arbitration No. 16-02282 (Jan. 6, 2017).

Wisniewski is also the subject of a customer initiated investment related arbitration claim which settled for $25,000.00 in damages based upon accusations including fraud, forgery, misrepresentation, churning and unauthorized trading pertaining to the real estate security, over-the-counter equity, municipal debt, corporate debt and mutual fund transactions effected in the customer’s account. FINRA Arbitration No. 16-00029 (July 26, 2016).

Wisniewsk has been associated with ten different broker dealers, seven of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroch

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com